For Sale
$1,395,000

258 Lynette WaySan Jose, CA 95116

Luxury Duplex, High ROI, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This fully renovated Class A duplex in San Jose, CA (95116) presents a compelling investment opportunity. Located at 258-260 Lynette Way, this property boasts two units, each featuring two bedrooms and one bathroom, and is currently enjoying 100% occupancy with a gross monthly rent of $7,050. Recent renovations include new kitchens and appliances (Samsung appliances in one unit, featuring European-style cabinetry), updated bathrooms (one with heated floors and a bidet), new interior and exterior doors, new 12mm waterproof laminate flooring in one unit, and mini-split heating and air conditioning systems in each unit. Both units also include new Wi-Fi garage openers with battery backups. The property offers a strong net operating income (NOI) of $64,425, resulting in a 4.62% capitalization rate. The asking price is $1,395,000, or $697,500 per unit. Situated in a highly desirable, quiet neighborhood with ample street parking, this duplex benefits from clean inspection reports and is ready for immediate occupancy. This turnkey investment promises a high return on investment and a secure future for the discerning buyer. The property's location provides easy access to key commute routes, further enhancing its appeal.

Highlights

  • Fully renovated Class A duplex in San Jose, CA (95116).
  • Two units, each with two bedrooms and one bathroom, currently 100% occupied, generating $7,050 gross monthly rent.
  • Recent renovations include new kitchens, bathrooms (one with heated floors and bidet), interior/exterior doors, flooring (12mm waterproof laminate in one unit), and mini-split HVAC systems.
  • Features new Wi-Fi garage openers with battery backups in both units.
  • Strong NOI of $64,425, 4.62% cap rate, asking price $1,395,000 ($697,500 per unit).

Property Details for 258 Lynette Way

Property type
Apartment buildings
Class
A
Units
2

Location Insight

City
San Jose
County
Santa Clara
State
California
Latitude
37.3492958
Longitude
-121.8489797
258 Lynette Way, San Jose, California

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258 Lynette Way
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